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Commission Example 1. Solution. Commission =3.5% of = x = £1575 Total wage = basic + commission = = £ 2025 Sam is paid a basic wage of £450 a month and 3.5% commission on sales he makes. Calculate his total salary in a month when he sold £ worth of goods.

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Example 2. Emily is paid a basic wage of £ 678 per month and 7.5% commission on sales she makes over the value of £ Calculate her total salary in a month when she sells £ worth of goods. Solution. Amount of sales commission is paid on = – = £ Amount of commission =£ x 0.075= £ Total salary = basic + commission= = £

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Example 2. A television costs £350 cash price. It can be bought on H.P for a deposit of 10% of the cash price and 2 years of monthly payments of £ Calculate the difference between the cash price and the H.P price. Solution Deposit =10% of 350= £35 Monthly payments =24 x =£420 Total H.P price = =£455 Difference in price =H.P – C.P = = £105

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Example 3. A car with a cash price of £ can be bought on H.P for a 15% deposit and a monthly payment of £210 for 3 years. Calculate the total H.P costs. Solution. Cost of deposit: 15% of 8500 =£1275 Monthly payments3 years = 36 months. 210 x 36 =£7560 Total H.P price: £1275 +£7560 =£8 835

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Insurance Premiums. Example 1. Solution. £1000 worth of insurance =£2.76 £ worth of insurance =2.76 x240 = £ How much would a £ house cost to ensure if the insurance company charges £2.76 per £1000 insured ?

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Example 2. Solution. House insurance: 2.32 x185 =£ Contents insurance: 1.54 x80= £ Total insurance costs :£ £ = £ How much would a house worth £ with contents valued at £ be to insure if the buildings premium was £2.32 per £1000 and contents premium £1.54 per £1000 ?